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Sopio is 32 years old and lives in the Tskaltubo District, West Georgia, with her husband, mother-in-law and three children (9, 12 and 14 years old). Sopio requested a loan from local financial institutions several times for an agricultural business start-up but without success. Her loan request was rejected because of low income and the family's poor living conditions. The family runs a small-scale agricultural business. They grow different kinds of vegetables on a family-owned plot of land. Besides that, Sopio runs a small dairy farm of a calf and two milk cows, whose milk is used in cheese products, which are sold at the local open market. In addition, Sopio works as a baker and her husband serves as a daily worker to the local farmers to earn a small monthly income. Their income is hardly enough to feed the six-member family.

Sopio requested a loan from Credo to start up a trade business. Her loan request was approved through a new joint initiative of Kiva and Credo. The start-up loan program provides credit with soft conditions extended to the country's rural poor. They do not have access to mainstream credit because they are regarded as "high risk borrowers" due to low income.

With the loan, Sopio will purchase different kinds of household goods and dishes at wholesale markets and sell them in her village with a price mark-up. She will take her goods to the local houses. In time, she will gain loyal customers and increase sales. The new business initiative, financed with the Kiva start-up loan will significantly increase the income of the family. Sopio will work hard and she will be able to improve the living conditions of herself and her family members.

Additional Information

More information about this loan

This loan is part of Credo's startup loan program targeting particularly vulnerable clients who live at the subsistence level and have been unable to obtain credit due to lack of income from an existing business. This program offers them a longer repayment term and an annual interest rate that is 5% lower than the standard interest rate. By funding this loan, you are supporting a program that gives borrowers a second chance to start and grow small businesses. This has the potential to alleviate the effects of poverty, significantly improving borrowers' incomes and their families' quality of life. Learn more about Credo's startup loan program on the Kiva Blog.

About LLC Micro Finance Organization Credo

LLC Credo (Credo) is a microfinance organization in Georgia that provides sustainable credit services to alleviate poverty in rural areas, including business loans, agriculture loans, household loans, crop insurance and more. Kiva lenders’ funds are used to help the organization expand its outreach to even more entrepreneurs, farmers and households in remote areas.

About Georgia

  • $6,100
    Average annual income
  • 32
    View loans »
    Georgia Loans Fundraising
  • $7,796,325
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Sopio to purchase household goods for resale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 29, 2012
Nov 12, 2012
Currency Exchange Loss:
Nov 18, 2013